Fidelity Flex Mid Cap Index Fund
FLAPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Mar 9, 2017
- CIK
- 0000035315
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Flex Mid Cap Index Fund (FLAPX) is an open-end mutual fund that seeks to provide investment results corresponding to the total return of the Russell Midcap Index, a market capitalization-weighted index of medium-capitalization U.S. company stocks. The fund, part of Fidelity Salem Street Trust, normally invests at least 80% of its assets in common stocks included in the Russell Midcap Index; it may also invest in securities not included in the index, such as depositary receipts and real estate investment trusts, as well as holding small amounts of cash or other money market instruments for liquidity purposes. Launched on March 9, 2017, and domiciled in the United States, the fund is managed by Fidelity Management & Research Company LLC with co-management by Geode Capital Management, LLC; its portfolio managers include Louis Bottari, Peter Matthew, Robert Regan, Payal Gupta, and Navid Sohrabi. With total net assets of approximately $504 million to $560 million as of recent reports, it features a net expense ratio of 0.00%, no loads, and a minimum initial investment of $0, targeting institutional and retirement plan investors such as 401(k) participants. The fund maintains a diversified portfolio across sectors including technology, financials, industrials, consumer discretionary, and health care, with top holdings typically featuring companies like Palantir Technologies Inc., MicroStrategy Incorporated, Arthur J. Gallagher & Co., The Williams Companies, Inc., and AppLovin Corporation; as of April 30, 2025, it held over 800 securities, with U.S. stocks comprising about 98% of assets. Geographically, it focuses primarily on U.S. equities with minor exposure to non-U.S. stocks at around 1.5% to 2.5%. Available through Fidelity's institutional platform at www.institutional.fidelity.com, it serves mid-cap blend strategies for long-term growth-oriented investors. No major strategic changes, such as acquisitions, mergers, partnerships, funding rounds, new product launches, or reorganizations, have been reported for the fund within the last 1-2 years; it continues to operate steadily with routine portfolio rebalancing to track its benchmark and periodic dividend distributions, including an ex-dividend date of December 20, 2024.